Blake Lapthorn solicitors secure transformation of historic London site
Solicitors from our firm have advised on a major deal which will lead to the transformation of a historic site in a prime location near London’s Tower Bridge.
CPC had held the long leasehold interest in the site, which includes a former Tate & Lyle office building, since March 2012, with the intention of developing the site into high-end residential accommodation with an element of retail on the lower floors.
Planning permission for the scheme was granted by the City of London in September this year, and agreement reached last Friday, November 15, paves the way for development activity to begin.
Architects Foster + Partners have designed a project involving 165 flats over 11 storeys, which will be just 100 metres from the Tower of London in a prime riverside location. It will also include a mixed-use ground floor incorporating residential facilities and amenities, and a waterfront commercial unit.
A five-strong team from our firm was involved in the transaction with The Fishmongers’ Company to secure the freehold for CPC.
Philip Diamond said: “We’re delighted to have helped CPC secure the option for this historic site.
“This is a very exciting project and one which Blake Lapthorn are proud to have been involved in.”
Christian Candy, founder of CPC, said: “We are delighted to have reached agreement with the Fishmongers’ Company to acquire the freehold interest in Sugar Quay. This is an extremely exciting development project and it will transform the City of London’s residential offering. We will start the development activity shortly and we expect the building to be finished by late 2016.”